2024-06-17T07:42:11-05:00 2023-08-31 Forvis Mazars LLP 111 E Wayne St Suite 600 Fort Wayne IN 46802 990 2022-09-01 200664128 THE WALSH COLLEGE FOUNDATION % SUZANNE SIEGLE WALS 2486898282 3838 LIVERNOIS ROAD TROY MI 48083 SHANNON HERBST CFO 2486898282 2024-07-15 true TERESA ESSHAKI 999009999 Lauren R Denton P01571860 2604604000 3 2022 2023-04-26 12:10:37Z SUZANNE SIEGLE 3838 LIVERNOIS ROAD TROY MI 48083 2521509 false X WWW.WALSHCOLLEGE.EDU X 2003 MI RAISE FUNDS FOR STUDENT SCHOLARSHIPS AND GENERAL SUPPORT OF WALSH COLLEGE 14 14 0 19 13111 9289 1437268 996891 0 0 927789 356519 -66778 -26811 2298279 1326599 1103345 1011827 0 0 0 0 0 0 0 56954 45926 1160299 1057753 1137980 268846 13346902 14005828 59021 4056 13287881 14001772 RAISE FUNDS FOR STUDENT SCHOLARSHIPS AND GENERAL SUPPORT OF WALSH COLLEGE false false 1011827 1011827 THE WALSH COLLEGE FOUNDATION IS A WHOLLY OWNED SUBSIDIARY OF WALSH COLLEGE, ORGANIZED TO DEVELOP FUND-RAISING PROGRAMS, EVENTS, AND T APPLY GIFTS, GRANTS, CONTRIBUTIONS, AND BEQUESTS IN FURTHERANCE OF THE EDUCATIONAL, CHARITABLE, AND OTHER PURPOSES OF THE COLLEGE. 1011827 true true false false false false false false false true false true false false true false true true false false false false false false true false false true false true false false false false false false false false false false false false false true false false false true 0 0 0 true true false false false false true true false false false false false false X 14 14 false false false false true true true true true false false true true true true true true false false false MI X SUZANNE SIEGLE 2486898282 3838 LIVERNOIS ROAD TROY MI 48083 MICHAEL LEVENS PRESIDENT/CEO(LEFT 04/2022) 1.0 39.0 X 0 399762 23198 SUZANNE SIEGLE PRESIDENT & CEO 1.0 39.0 X 0 237100 21543 TERESA ESSHAKI CFO (LEFT 04/2022) 1.0 39.0 X 0 172223 16213 LOUIS SCHMIDT JR TRUSTEE/CHAIR 0.3 0.0 X X 0 0 0 MARK J ALBRECHT TRUSTEE 0.3 0.0 X 0 0 0 DANIEL A CORNWELL TRUSTEE 0.3 0.0 X 0 0 0 RICHARD D DIBARTOLOMEO TRUSTEE 0.3 0.0 X 0 0 0 KAHN D HALL TRUSTEE 0.3 0.0 X 0 0 0 ANITA HICKS PHD TRUSTEE 0.3 0.0 X 0 0 0 KATHLEEN JENKINS TRUSTEE 0.3 0.0 X 0 0 0 DARYL KAISER TRUSTEE 0.3 0.0 X 0 0 0 VICKI KAMENOVA TRUSTEE 0.3 0.0 X 0 0 0 PATRICK KILLEEN TRUSTEE 0.3 0.0 X 0 0 0 THOMAS G MCGINNIS TRUSTEE 0.3 0.0 X 0 0 0 BRIAN M PILARSKI TRUSTEE 0.3 0.0 X 0 0 0 KEVIN HEPNER TRUSTEE 0.3 0.0 X 0 0 0 DAVE PETOSKY TRUSTEE 0.3 0.0 X 0 0 0 0 809085 60954 0 true true false 0 284175 712716 8925 996891 0 423294 13111 410183 0 0 0 0 0 1068834 1135609 -66775 -66775 -66775 32490 284175 59301 -26811 -26811 0 0 0 0 0 0 0 1326599 13111 316597 1011827 1011827 0 0 0 0 0 0 0 0 0 0 0 0 0 0 26610 26610 0 0 0 19316 19316 0 0 0 0 0 0 0 0 0 0 0 1057753 1011827 45926 0 65823 84399 1599343 1703230 479091 409233 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10092227 10781304 1110418 1027662 0 0 0 0 0 0 13346902 14005828 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 59021 4056 59021 4056 X 35231 177150 13252650 13824622 13287881 14001772 13346902 14005828 268846 445045 X false true X true false X 554841 616165 595483 1437268 996891 4200648 0 0 554841 616165 595483 1437268 996891 4200648 1446782 2753866 194074 218358 221483 459954 423294 1517163 0 79898 33850 36989 50067 32490 233294 5951105 0.46275 0.43760 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11638919 202466 781498 549086 12073797 13307456 365150 -1677338 356349 11638919 10878655 398975 2547129 517303 13307456 10031667 276430 997433 426875 10878655 10048817 237937 138058 393142 10031670 0.75000 0.25000 false false LONG-TERM ALTERNATIVE INVEST 1027662 F 1027662 0 DUE TO WALSH COLLEGE 4056 4056 2663992 445045 859657 59301 1364003 1299989 26610 26610 1326599 1950101 859657 59301 918958 1031143 26610 26610 1057753 SCHEDULE D, PART V, LINE 4 FOUNDATION ENDOWMENTS ARE PRIMARILY FOR UNDERGRADUATE AND GRADUATE SCHOLARSHIPS. REMAINING AMOUNTS PROVIDE TUTORING, SUPPORT FOR ACCOUNTING FUNDAMENTALS AND STUDENT GOVERNMENT AND AN AWARD FOR ACADEMIC EXCELLENCE. SCHEDULE D, PART XI & XII, LINE 2D SPECIAL EVENT EXPENSE PER FINANCIAL STATEMENTS $59,301 ETIQUETTE DINNE 4740 4350 390 750 3464 1397 CENTENNIAL GALA 311925 279825 32100 105 2900 45874 4810 0 316665 284175 32490 105 3650 49338 6207 59300 -26810 true WALSH COLLEGE 3838 LIVERNOIS AVE TROY MI 48083 381308480 501(C)(3) 1011827 TO PROVIDE SCHOLARSHIPS AND SPONSORED PROJECTS FOR WALSH COLLEGE 1 SCHEDULE I, PART I, LINE 2 SCHOLARSHIPS ARE APPLIED DIRECTLY TO INSTITUTIONAL CHARGES AT WALSH COLLEGE. DIRECT COSTS ARE SPECIFICALLY IDENTIFIED TO THE BENEFITING ACTIVITY. RESTRICTED FUNDS, INCLUDING FEDERAL AWARDS, ARE RECORDED IN SEPARATE FUNDS AND DIRECT EXPENDITURES OF THESE PROGRAMS ARE RESTRICTED TO THE EXCLUSIVE PURPOSE OF THE AWARD. false false false false false false false false false MICHAEL LEVENS PRESIDENT/CEO(LEFT 04/2022) 183612 216150 14955 8243 422960 TERESA ESSHAKI CFO (LEFT 04/2022) 170523 1700 13778 2435 188436 SUZANNE SIEGLE PRESIDENT & CEO 0 236250 0 0 850 0 18968 0 2575 0 258643 PART I, LINE 3 WALSH COLLEGE, A RELATED ORGANIZATION, USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION FOR THE CEO/EXECUTIVE DIRECTOR: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION A, LINE 6 WALSH COLLEGE IS THE SOLE MEMBER OF THE WALSH COLLEGE FOUNDATION. IN ITS CAPACITY AS THE SOLE MEMBER, THE COLLEGE IS REQUIRED TO APPROVE THE ELECTION OF THE MEMBERS OF THE BOARD OF DIRECTORS OF THE FOUNDATION, AS WELL AS CERTAIN OTHER ACTIONS OF THE FOUNDATION. ANY ACTIONS NOT SPECIFICALLY ENUMERATED IN THE BYLAWS ARE RESERVED TO THE FOUNDATION'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A & 7B THE ORGANIZATION HAS A SOLE MEMBER FORM 990, PART VI, SECTION B, LINE 11B THIS FORM IS REVIEWED BY THE CFO AND ALL TRUSTEES OF AUDIT AND RISK MANAGEMENT COMMITTEE. A COPY OF THIS FORM 990 IS POSTED TO AN INTERNAL BOARD SITE SO THAT IS AVAILABLE TO ALL TRUSTEES PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES, OFFICERS, EXECUTIVE AND SELECT KEY ADMINISTRATORS ARE REQUIRED TO FILE A CONFLICT OF INTEREST STATEMENT ANNUALLY AND EVERY TIME THERE IS A DECISION UNDER CONSIDERATION IN WHICH SUCH A PERSON MAY HAVE AN INTEREST. IF A CONFLICT IS DISCOVERED, THE PERSON WITH THE CONFLICT WILL REMOVE THEMSELF FROM THE ROOM DURING ANY DISCUSSION AND RECUSE THEMSELF FROM ANY MOTION, VOTE OR PROPOSAL. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC THROUGH WRITTEN OR VERBAL REQUESTS. WALSH COLLEGE 3838 LIVERNOIS TROY MI 48083 381308480 EDUCATION MI 501(C)(3) 2 NONE false false true false false false false false false false false false true true true true true true false false